Business, Technology

Toyota Boosts Spending on US EV Production by $1.3 Billion

Toyota Motor Corp. is boosting investment at a plant in Kentucky by $1.3 billion as it prepares to start U.S. production next year of a three-row, all-electric SUV.

Chester Dawson | Bloomberg News
February 6, 2024
Business

Toyota Hikes Pay on Heels of UAW-Detroit Deals

Toyota Motor Corp. is raising wages for assembly workers in the U.S. after its Detroit carmaking rivals reached tentative deals with their union to boost pay.

Chester Dawson | Bloomberg News
November 1, 2023
Business, Equipment

Ford Cuts Price on F-150 Lightning by Up to 17%

Ford Motor Co. is slashing prices on the electric version of its best-selling F-150 pickup by as much as 17%, reversing price hikes implemented last year on its debut battery-powered truck.

Chester Dawson | Bloomberg News
July 17, 2023
Business, Technology, Autonomous

Lightning Soars on Deal With Buffett-Backed Bus Maker

Lightning eMotors Inc. shares surged after the company that electrifies commercial vehicles announced a strategic partnership with a Berkshire Hathaway Inc.-backed bus maker.

Chester Dawson | Bloomberg News
August 10, 2021
Business

Pricier Vehicles Seen Driving Rebound in US Auto Market

Demand for higher-priced vehicles from retail buyers at the end of 2020 helped lift U.S. auto sales out of a springtime slump and buffered the impact of a sharp drop in fleet sales to rental car companies.

Chester Dawson | Bloomberg News
January 4, 2021
Business, Technology

Cybertruck Toy Release Delayed Five Months, but Don’t Blame Tesla

Tesla Inc. watchers know all about blown deadlines for product releases by the electric vehicle manufacturer, but even fans of the brand who are too young to drive won’t be getting a promised Cybertruck stocking stuffer this year.

Chester Dawson | Bloomberg News
December 17, 2020
Business, Technology, Equipment

Honda Beefs Up Pickup, SUVs to Bolster Light-Truck Market Share

Honda Motor Co. plans to revamp three key midsized vehicles — two sport utilities and a pickup — by giving them beefier looks. It also will play up their off-road capabilities in marketing to appeal to more-traditional truck buyers.

Chester Dawson | Bloomberg News
October 9, 2020
Government, Business, Technology, Autonomous

Amazon’s Zoox Gets Green Light for Robotaxi Tests in California

Amazon .com Inc.’s self-driving-car unit, Zoox Inc., is getting a green light from California to test autonomous vehicles on public roads without a safety driver, becoming the fourth company to receive the state’s blessing for truly driverless testing.

Chester Dawson | Bloomberg News
September 18, 2020
Business, Equipment

SUVs Parked at Sea Reveal Scope of US Auto Market Glut

For the auto industry, which saw U.S. sales plunge almost 40% in March, the coronavirus crisis has left cars gathering dust on dealer lots, dealerships shuttered, auction prices slipping and tens of thousands of workers laid off or furloughed.

Chester Dawson | Bloomberg News
May 1, 2020
Government, Business

Toyota Shifts Factories to Face Shields, Will Help Device Makers

Toyota Motor Corp.’s idled manufacturing facilities in the U.S. will make much-needed face shields and masks, and the Japanese automaker is closing in on deals with medical-device makers to help them boost production.

Chester Dawson | Bloomberg News
March 27, 2020